Victory Capital Management Inc buys $148,742,892 stake in Emcor Group Inc (EME)

Emcor Group Inc (EME) : Victory Capital Management Inc scooped up 151,019 additional shares in Emcor Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 2,637,753 shares of Emcor Group Inc which is valued at $148,742,892.Emcor Group Inc makes up approximately 0.59% of Victory Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Sii Investments Incwi boosted its stake in EME in the latest quarter, The investment management firm added 280 additional shares and now holds a total of 6,788 shares of Emcor Group Inc which is valued at $383,115. Emcor Group Inc makes up approx 0.03% of Sii Investments Incwi’s portfolio.Mufg Americas Holdings Corp boosted its stake in EME in the latest quarter, The investment management firm added 92 additional shares and now holds a total of 157 shares of Emcor Group Inc which is valued at $8,853. Twin Capital Management Inc added EME to its portfolio by purchasing 32,343 company shares during the most recent quarter which is valued at $1,823,822. Emcor Group Inc makes up approx 0.13% of Twin Capital Management Inc’s portfolio.

Emcor Group Inc closed down -0.66 points or -1.16% at $56.41 with 2,99,869 shares getting traded on Wednesday. Post opening the session at $57.05, the shares hit an intraday low of $56.26 and an intraday high of $57.05 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Emcor Group Inc reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.72. The company had revenue of $1930.00 million for the quarter, compared to analysts expectations of $1751.33 million. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Many Wall Street Analysts have commented on Emcor Group Inc. Company shares were Reiterated by FBR Capital on Aug 16, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 62 from a previous price target of $52 .Emcor Group Inc was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Jul 19, 2016. Sidoti Initiated Emcor Group Inc on Jun 21, 2016 to “Buy”, Price Target of the shares are set at $65.

EMCOR Group Inc. (EMCOR) is an electrical and mechanical construction and facilities services firm in the United States. The Company provides a number of building services and industrial services. Its services are provided to a range of commercial industrial utility and institutional customers through approximately 70 operating subsidiaries and joint venture entities. It specializes in providing construction services relating to electrical and mechanical systems in all types of non-residential and certain residential facilities and in providing various services relating to the operation maintenance and management of facilities including refineries and petrochemical plants. The Company operates in segments: United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services and United Kingdom building services.

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